About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

CITIC Prudential Fund Management Company goes live with HiPortfolio

Subscribe to our newsletter

DST Global Solutions, a provider of investment management software and services, today announced that CITIC Prudential Fund Management Company has gone live with the HiPortfolio Asset Servicing solution, to strengthen its fund accounting operations. CITIC Prudential Fund Management Company is an asset management joint venture between the UK’s Prudential Group and China’s CITIC Group.

Rock Chen, deputy COO from CITIC Prudential, said, “ As CITIC Prudential continues to meet the savings, protection and investment needs of the Chinese people, we need to ensure we have the systems in place to offer the service our clients’ demand. HiPortfolio offers us a robust and scalable solution to meet these challenges. Implementation of the systems, including data migration, was completed successfully within the agreed timeframe and budget. We are now very pleased to be experiencing a range of business operational improvements made possible by HiPortfolio.”

CITIC Prudential obtained approval from the China Securities Regulatory Commission (CSRC) in October 2010 to launch its QDII Fund, allowing it to invest in foreign markets. They required a solution that was designed to work in global markets as well as meet the requirements of the Chinese domestic fund management industry.

Arun Sarwal, CEO of DST Global Solutions Investment Management division, commented, “DST Global Solutions has worked very closely with the CITIC Prudential team to ensure the project was delivered on time and within budget. This achievement is down to the excellent relationship and joint efforts of both companies.

“This is a landmark deal for DST Global Solutions in China’s fund management industry and we look forward to working with CITIC Prudential to support the growth of their fund management business in the future. China has been a key strategic market for us over the past 10 years and we are delighted to further grow our client base in the Chinese fund management sector.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to organise, integrate and structure data for successful AI

25 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Artificial intelligence (AI) is increasingly being rolled out across financial institutions, being put to work in applications that are transforming everything from back-office data management to front-office trading platforms. The potential for AI to bring further cost-savings and operational gains are...

BLOG

GoldenSource OMNI Evolves as Buy-Side Demands Transform

Data cloud giant Snowflake’s forum in San Francisco last month was closely watched by the data management industry, especially GoldenSource. A year after its launch, the creators of GoldenSource’s OMNI data lake product for asset managers were keenly watching what Snowflake had to offer with an eye to enhancing the app’s own provisions for the...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...